SAN DIEGO – Hasan Korkmaz, owner and operator of San Diego Logistics Group Inc., a trucking company based in Santee, appeared in federal court today to face an 18-count indictment. He is charged with bank fraud, money laundering, and aggravated identity theft.
Prosecutors say that in 2022 and 2023, Korkmaz carried out a credit card “bust-out” scheme. This type of fraud involves setting up credit card accounts that appear legitimate and then maxing out the cards with no intention of repaying the debt.
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According to the indictment, Korkmaz used names, birth dates, Social Security numbers, and other personal details of real individuals to apply for numerous credit card accounts. Once approved, he allegedly racked up thousands of dollars in charges, including transactions up to $18,500, at various businesses—some tied to his own company, San Diego Logistics Group Inc.
To keep the fraud going, Korkmaz reportedly made fake payments using checks from accounts with insufficient funds or accounts that didn’t exist. These bogus payments temporarily restored the credit limits, allowing him to make additional large purchases.
The indictment also claims that Korkmaz laundered proceeds from the scheme by transferring funds to a Turkish bank account under his control. In total, the fraud caused more than $2.1 million in losses to two banks.
Assistant U.S. Attorneys Kevin Mokhtari and Christopher Alexander are handling the prosecution.
